The Monad is a layer 1 network aiming to bring parallel execution to the Ethereum Virtual Machine (EVM). It aims to increase the Transactions Per Second (TPS) of the EVM to 10,000. Native token of Monad Blokchain will be MONAD.
As of January 18, 2024, the Monad blockchain is in the testing phase but is actively utilized, especially on Discord. Users who are actively engaged on Discord reportedly enjoy various privileges. Additionally, there are rumors that users who stake PYTH Tokens will receive the MONAD Airdrop.
The Monad blockchain has secured investments totaling $19 million from projects such as Placeholder Capital, Lemniscap, Shima Capital, and Finality Capital.
MONAD has currently gained significant hype, so taking an active role in the early stages could be important.